Cisco Systems Correlations

CSCO Stock

USD 70.33 1.34 1.94%

The current 90-days correlation between Cisco Systems and Hewlett Packard Enterprise is 0.46 (i.e., Very weak diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cisco Systems moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cisco Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

Cisco Systems Correlation With Market

Weak diversification

The correlation between Cisco Systems and DJI is 0.32 (i.e., Weak diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cisco Systems and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with Cisco Stock

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cisco Systems. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

To learn how to invest in Cisco Stock, please use our How to Invest in Cisco Systems guide.

Related Correlations Analysis

	CIEN	HPE	IBM	INTC	JNPR	MSI	NOK	ORCL	QCOM
CIEN		0.92	0.29	0.82	0.54	0.59	0.43	0.84	0.76	CIEN
HPE	0.92		0.19	0.77	0.52	0.72	0.48	0.74	0.83	HPE
IBM	0.29	0.19		0.52	0.07	-0.5	0.85	0.27	0.46	IBM
INTC	0.82	0.77	0.52		0.61	0.29	0.61	0.57	0.81	INTC
JNPR	0.54	0.52	0.07	0.61		0.45	0.28	0.32	0.33	JNPR
MSI	0.59	0.72	-0.5	0.29	0.45		-0.14	0.43	0.36	MSI
NOK	0.43	0.48	0.85	0.61	0.28	-0.14		0.35	0.61	NOK
ORCL	0.84	0.74	0.27	0.57	0.32	0.43	0.35		0.62	ORCL
QCOM	0.76	0.83	0.46	0.81	0.33	0.36	0.61	0.62		QCOM
	CIEN	HPE	IBM	INTC	JNPR	MSI	NOK	ORCL	QCOM

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

HPE	+ 0.92	CIEN
NOK	+ 0.85	IBM
ORCL	+ 0.84	CIEN
QCOM	+ 0.83	HPE
INTC	+ 0.82	CIEN
QCOM	+ 0.81	INTC

High negative correlations

MSI	- 0.5	IBM
NOK	- 0.14	MSI

Risk-Adjusted Indicators

There is a big difference between Cisco Stock performing well and Cisco Systems Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cisco Systems' multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
CIEN	1.96	0.89	0.48	0.51	1.22	(2.43)	4.72	(3.42)	24.23
HPE	1.31	0.19	0.14	0.21	1.37	(1.48)	2.60	(2.14)	6.60
IBM	1.12	(0.04)	(0.02)	0.02	1.79	(1.06)	2.26	(2.46)	9.00
INTC	2.87	0.80	0.31	0.77	2.32	(3.90)	7.23	(3.66)	26.01
JNPR	0.69	0.16	0.10	(4.63)	0.70	(0.82)	1.74	(0.85)	5.02
MSI	0.78	0.08	0.04	0.21	1.01	(0.79)	1.86	(1.83)	5.54
NOK	1.20	(0.07)	(0.03)	0.00	1.70	(1.29)	2.34	(2.38)	7.40
ORCL	2.40	0.44	0.12	(0.86)	2.55	(2.66)	4.06	(5.55)	42.18
QCOM	1.08	0.02	0.01	0.08	1.61	(1.14)	2.37	(2.01)	10.43

Cisco Systems Corporate Management

Bryan Jones	SVP Marketing	Profile
Kip Compton	Operations, Strategy	Profile
Jacqueline Guichelaar	Japan, Pacific	Profile
Tadhg Bourke	Senior Communities	Profile
Deborah Stahlkopf	Executive Officer	Profile
Ambika Kapur	Senior Success	Profile
Sergey Martynchuk	Head Branch	Profile

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